What are the different types of initiatives for economic development?

Initiatives for economic development are an effort to improve the economy of the area and standard of living for its inhabitants. Communities, states and whole nations do this by accepting initiatives to improve infrastructure, education and work skills, health and safety, environmental quality and ability to compete with their neighbors in connection with these questions. While economic development initiatives tend to have similar objectives, methods used to achieve these goals should be adapted to specific areas. Plans for implementing initiatives for economic development should also consider long -term goals, as such development tends to take time. Such initiatives would deal with the number of students in primary, secondary and tertiary education and the aim was to increase the number of students in full -time education, starting with the primary level. This type of initiative would focus on increasing resources available for teachers such as school buildings, other facilities and textbooks. Another factor in this policy would be the training of other teachers who could take over the task. Human resources strategy could also include initiatives to improve hygiene and health to ensure that the country's population is suitable for work.

alternative initiatives for economic development, which could be carried out in parallel with the human resource strategy, may include the acquisition or development of technology to make industry and agriculture more efficient. This could be achieved by purchasing relevant technology from abroad or encouraging the transmission of technologies from foreign companies. The country could create conditions such as tax relief or free trade zone favorable to foreign business and, includingde, other tax relief, where the transfer of technology is part of the contract. Foreign companies could be encouraged to local companies to create a partnership that involves to determineThe conversion of technology, or the strategy could include countermeasures and compensation, according to which a foreign company meets other contracts for the country.

Another type of development strategy includes the development of relevant political and economic institutions to create a favorable atmosphere for business. Such political institutions may focus on bringing social stability and a stronger legal system capable of preventing the right to private ownership and the right of enterprises to defend the ownership of assets, including intellectual property. Economic institutions, such as the central bank, could be given powers necessary to supervise the economy and the creation of a viable banking system. International negotiations could focus on reducing customs barriers and ensuring that foreign companies are protected from expropriation or double taxation.